Since its announcement, Final Fantasy Versus XIII has hidden in the shadows with vague details and short trailers. While Square Enix did finally reveal a proper gameplay trailer, and are starting to provide more information on the game, don’t get your hopes up for a 2011 release.
Speaking to Japanese magazine Dengeki, director Tetsuya Nomura commented on a release window by saying it might be best to forget about Versus in 2011 with Dissidia Duodecim Final Fantasy, Final Fantasy Type-0, and Final Fantasy XIII-2 all due this year. He added that his team is trying to do big new incredible things, and it’ll take time to make the ideas a reality.
It looks like the next big update will be E3. Back to waiting…
[Source]